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This week we review the most recent value of the Puerto Rico Economic Activity Index and examine issues related to its value as an indicator.
February 17 -
Municipal bonds associated with high yield corporate issuers are being traded and quoted at prices substantially higher than bonds of similar maturity issued directly by the same corporations.
February 10 -
Most of New York Gov. Andrew Cuomos infrastructure proposals aim to achieve worthy goals, but have some fundamental flaws from a public policy and infrastructure planning perspective.
February 10 -
While lower oil prices are likely to have a stimulative effect on the national economy, we are wary of impacts on the finances of local credits in the Oil Patch.
January 26 -
This week we update our analysis of export volumes. We also take a brief look at the relationship of municipals to Treasuries and its potential impact on supply.
January 12 -
The municipal market is in a dire need of realistic optionless yield curves.
January 6 -
Texas economy is suffering from lower energy prices, according to the latest statistics, while New Jersey faces mounting challenges as absentee Gov. Chris Christie runs for president.
January 6 -
As this year ends, market sentiment, as measured by Municipal Market Data, is more subdued than usual. We can think of a few possible reasons.
December 22 -
Global equity investors and sponsors continue to demonstrate strong interest in investing in U.S. infrastructure, notwithstanding the relatively anemic pipeline.
December 14 -
No clarity has been offered with regard to the extent of the reasonable diligence obligations of those participating in competitive deals, as co-managers, syndicate members or selling dealers.
December 8